Credit Risk Manager

Glasgow, United Kingdom
29 Nov 2022
09 Dec 2022
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
As a Barclays Credit Risk Manager, you will be working with technical specialists to understand the business strategy and translate this to a risk grading strategy, leveraging existing and new data sources and modelling techniques to oversee the development of models to support the department. You will assist the Team Head in managing the existing models across the model lifecycle in accordance with internal and external requirements. You will also implement and execute reporting, analysis, and controls to evidence this.

Barclays is one of the world's largest and most respected financial institutions, with 329 years of success, quality, and innovation behind us. We offer careers that provide endless opportunity - helping millions of individuals and businesses thrive and creating financial and digital solutions that the world now takes for granted.

Working Flexibly
We're committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognizes and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers' and clients' needs. Whether you have family commitments or you're a career, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility, then please discuss this with the hiring manager, and your request will be reviewed subject to business needs.

We are currently in the early stages of implementing a hybrid working environment, which means that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. We're flexible on how this works and it may continue to change and evolve. Depending on your team, typically this means that colleagues spend a minimum of between 20% to 60% of their time in the office, which could be over a week, a month, or a quarter. However, some colleagues may choose to spend more time in the office over a typical period than their role type requires. We also have a flexible working process where, subject to business needs, all colleagues globally can request work patterns to reflect their personal circumstances. Please discuss the detail of the working pattern options for the role with the hiring manager.

What will you be doing?
• Representing the Model Owner for a portfolio of models and fulfilling the model governance responsibilities as outlined within the Group Model Risk Policy
• Understanding the models, their use, performance, limitations, and mitigations, assisting the manager creating, and delivering training material for users and senior management
• Supporting the team head in providing Model Owner input, and supporting for the co-ordination and control of model projects, regulatory tasks
• Controlling the delivery of agreed model actions including model development, monitoring, validation, regulatory compliance, and any specific actions from those tasks
• Designing and generating reporting to ensure that the model risk profile is communicated at key forum and committee meetings
• Keeping abreast of regulatory changes, new modelling techniques and data sources to ensure compliance and identify horizon risks
• Communicating analytic results to both technical and non-technical audiences, and presenting analysis and results to senior management and stakeholder
• Contributing to engagement with other teams across Risk and the business to agree strategy and prioritisation to ensure smooth delivery of objectives

What we're looking for:
• Educated to degree level in a quantitative subject or with appropriate work experience
• Mathematical knowledge and understanding of practical application of statistical modelling techniques, understanding methodologies and management of models
• Self-motivated, with ability to take initiative and work autonomously with limited supervision
• Ability to apply strategic priorities to delivery of own workload and proven ability to easily switch between projects following changes of priority

Skills that will help you in the role:
• Knowledge of IRB PD, EAD and LGD modelling requirements and the associated regulations
• Ability to explain technical concepts to non-technical users
• Good organisational skills and a focus on delivery
• Effective networking skills to establish themselves as a subject matter expert and a credible lead on model projects

Where will you be working?
Our new state-of-the-art Campus, right in the heart of Glasgow is a hub of creative collaboration. A place where everyone can bring their true selves to work and reach their full potential. Home to 5,000 of our colleagues, our Tradeston campus will support the community in more ways than one - by creating thousands of new career opportunities and celebrating local artists. A short walk from Central Station on the south of the Clyde, it will be a key location for the Barclays business that will deepen our ties with the city and its communities.
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